§ 46. Sir C. Osborneasked the Postmaster-General what is the estimated annual value to Post Office workers of their non-contributory pension; how much this amounts to; what is the estimated annual value of their five-week annual holiday and one week's sick
240Wallowances except London allowances. The estimates of purchasing values of the £ sterling are based on the Consumers Price Index, adjusted by reference to the Retail Prices Index; those of the cost of living on the Retail Prices Index; and those of national average minimum wage levels on the Index of Weekly Rates of Wages (all industries and services, all workers).
leave with pay, and of their clothing; what comparison he has made of these fringe benefits with those enjoyed by industrial workers generally; and if he will make a statement.
§ Mr. BevinsThe annual value of the non-contributory pension, is on average, between 8½ per cent. and 11½ per cent. of the annual pay depending on the grade of worker. The amount of the pension is, in general, one-eightieth of the average pay received during the last three years of service, for every year of reckonable service. In addition, a lump sum is payable, usually of three-eightieths of the average pay received during the last three yars of service for every year of reckonable service.
Annual leave, which for most Post Office staff is less than five weeks, is at full pay. Sick leave is also at full pay 241W up to a maximum period of six months. Where uniform clothing is provided, it is valued at 2 per cent. of pay. These and other fringe benefits are taken into account when pay is settled on the basis of comparisons with the remuneration of workers outside the Civil Service.